Dunnes Stores DC trustees replaced after 'governance failures'

Kim Kaveh
clock • 2 min read

Pension trustees of Dunnes Stores in Northern Ireland have been stopped from running its defined contribution (DC) scheme by The Pensions Regulator (TPR), following "a catalogue of governance failures".

The watchdog appointed an independent trustee to protect savers working for the high street retailer, to oversee the Dunnes Stores (Bangor) Limited Management Pension Scheme. According to TPR, the ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

XPS launches DC pension pot benchmark tracker

XPS launches DC pension pot benchmark tracker

DC:UK Savings Watch maps value of typical pot against PLSA’s retirement living standards

Holly Roach
clock 18 December 2024 • 2 min read
L&G to set its Lifetime Advantage Funds as DC default strategy from 2025

L&G to set its Lifetime Advantage Funds as DC default strategy from 2025

Funds will offer members access to a range of growth assets including private markets

Martin Richmond
clock 17 December 2024 • 2 min read
Aon DC tracker shows drop in Q3 retirement outcomes

Aon DC tracker shows drop in Q3 retirement outcomes

Tracker fell from 65.2 to 64.6 due to drop in expected investment returns

Holly Roach
clock 12 December 2024 • 1 min read
Trustpilot